PHOTO: ROBERT KITCHIN/STUFF Reserve Bank governor Adrian Orr may be called into action early.
ANALYSIS: Don’t be surprised if the Reserve Bank slashes the official cash rate by as much as 50 basis points within days.
The Reserve Bank isn’t scheduled to make its next announcement on the official cash rate (OCR) until March 25.
But ANZ chief executive Sharon Zollner says the market is “rife with rumours” that central banks are talking to one another about a coordinated rate cut in the wake of coronavirus contagion.
“Twenty-three days is an eternity when you are living in an exponential world,” she says.
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